England accounting for YT setup expenses..

santigold

santigold

Member
Hi All,

(Did a quick search and nothing came up).

I want to setup a channel and need to buy equipment. The plan is that this channel will be part of my existing company that currently has income.

For setup, I will need to buy a camera, microphone and associated accessories such as lights, tripods etc..

What have people done around the purchase of these and deducting as expenses for tax purposes?
 
Get advice from a tax accountant.
If the purchases are part of a business, then they are all generally tax deductible.
 
Yea fair enough.

I have a guy already. I was just wondering about putting these through a business at such early stage. A lot of the stuff is consumer electronics type gadgetry and would be afraid of what HMRC say. Has anybody else thought about this?

Perhaps it's a non issue and i'm just being paranoid lmao.
 
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